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Crypto

Hyperliquid gets first Layer 2 as Elysium draws attention

A first Layer 2 blockchain has launched on decentralised derivatives exchange Hyperliquid, with Kinetiq introducing Elysium. Bankless said Hyperliquid has Hypercore for the order book and HyperEVM for smart-contract apps, with a throughput cap to protect the order book. Elysium targets 300 million gas per second, about 100 times HyperEVM, settling on HyperEVM and using HYPE for fees. Early activity included DeFi and memecoin apps, while fee mechanics support KNTQ buybacks.

Crypto

Musk comment sends Hyperliquid\'s HYPE token up 20 percent

Hyperliquid\'s native token HYPE jumped 20 percent in a day after Elon Musk reacted publicly to a first post on X by billionaire investor Stanley Druckenmiller and news of his investment. Expectations that Trade[xyz] could expand into the U.S. regulated derivatives market also added momentum, pushing HYPE close to a record high of $95.49. Trading volume rose to $796 million and Hyperliquid\'s market value topped $24.2 billion.

AI & Enterprise

Companies face cost shock as users overuse top-tier AI models despite 100-fold token price gap

Top-tier AI models can cost up to 100 times more per token than smaller models, but many companies and users apply premium models even to simple tasks such as emails and summaries. Token use is also rising as AI agents and automation tools spread, making model choice and usage control central to cost management. The article cites internal leaderboard-driven usage at big tech firms and outlines steps to cut bills, including model routing, prompt control, caching and spending limits.